Result list 10 April 2021

The results of our April 10 sale are now online. Unsold items can be obtained in our aftersale until May 9 (first come, first served). .

Lotnumber: 161
PARIS. 3% Obligation de F500, specimen. Serie 2. blue, buff. The first of 4 Suez Canal bonds (lots 161-164) and two more Suez Canal pieces (lots 171, 175). All are extremely rare.This bond shows a map of the canal, the pyramids and sphinx, the temple of Philae at Aswan, etc. Small format, but a lovely piece with a great history. The company was formed by Ferdinand de Lesseps, in 1856. The company had a privilege for 99 years, after which the Canal was to revert to Egyptian control. Egypt held 44% of the shares, but these were bought by the British government in 1875. In 1956 the Canal was nationalised by the Egyptian government. All Suez Canal paper is, of course, very much rarer than Panama, since the company was a great success, and paid off its debts. What we offer here is the 3rd bond issue, for 50 million francs (the first was in 1879, than a second one in 1885, the third in 1906 and we know also of a bond issue in 1911 - see also next lots). The bond we offer here is unsigned, unnumbered and surely a (scarce) printer proof specimen. Full coupon sheet.
Themes: CANALS
EGYPT, FRANCE
STERN
Date: 1885
Quality: EF
Startprice: € 500